You will need:

Paint Shop Pro
Animation Shop
Plugin - MuRa's Meister/Cloud here
Plugin - Flaming Pear/SuperBladePro here
Plugin - Xenofex 2/Elecrify here
Font of your choice, or mine here
 

First open a new canvas 600 x 300, flood fill with white.

Select your text tool, font of your choice (fat one is good for this), size 72, create as vector, stroke width set at 2, set at a colour of your choice in the background, and white in the foreground.  I've chosen #0ed2e6 for mine.  Once you have typed out your text, stretch it out to your liking.  When you are happy with the size, convert to raster.

Add a drop down shadow of your choice.  I used the following settings.

Take your magic wand, change your mode setting to 'Add' and select inside each of the letters.  Then select your plugin MuRa's Meister/Cloud, default settings.

Keep selected, and select the plugin Flaming Pear/SuperBladePro with the following settings.

Still keep selected, and duplicate the text layer twice so that you have three text layers and the one white background layer.

Selection, invert, with your top text layer activated, select plugin Xenofex 2/Elecrify, with the following settings.

Do the same to all three layers, but click the random button once on each layer.  Select none.  Crop as close to the text as you can. 

Now lets animate.  X out the bottom two text layers, with your white layer active, copy merged, and past into animation.  X out the top text, and unhide the middle text.  Copy merged, and paste after current frame in animation.  Do the same with the third text layer.  In animation click animate.  Save as a gif file, and you are done.

Here is another using a different colour and text.

You are done.  I hope you enjoyed this tutorial.

Please feel free to link to this tutorial, and/or print it out for your own personal use, but DO NOT copy it in ANY way to put on-line, pass out, or re-write without my permission.  Any resemblance to any other tutorial like this is purely coincidental.   Thank you.  This tutorial was written on the 2nd July 2006 by Faerie Queen.